Grimes & Company Inc. Sells 12,514 Shares of F5, Inc. (NASDAQ:FFIV)

Grimes & Company Inc. lessened its holdings in F5, Inc. (NASDAQ:FFIV) by 20.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,345 shares of the network technology company’s stock after selling 12,514 shares during the period. Grimes & Company Inc. owned 0.08% of F5 worth $10,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in F5 in the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. bought a new position in F5 during the 1st quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in F5 during the 3rd quarter worth $28,000. Quest Partners LLC increased its position in F5 by 9,100.0% during the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after buying an additional 182 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in F5 during the 3rd quarter worth $32,000. Institutional investors own 90.66% of the company’s stock.

F5 Trading Down 0.2 %

Shares of NASDAQ:FFIV traded down $0.39 during mid-day trading on Thursday, hitting $215.02. 22,042 shares of the company traded hands, compared to its average volume of 512,238. The stock has a market cap of $12.60 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.61 and a beta of 1.06. F5, Inc. has a 12-month low of $146.00 and a 12-month high of $224.47. The stock has a 50-day moving average price of $210.50 and a two-hundred day moving average price of $188.13.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.39. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. As a group, analysts expect that F5, Inc. will post 10.18 earnings per share for the current year.

Insider Activity at F5

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the sale, the chief executive officer now directly owns 124,022 shares in the company, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.71, for a total transaction of $163,996.21. Following the sale, the executive vice president now directly owns 16,000 shares in the company, valued at approximately $3,083,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the sale, the chief executive officer now owns 124,022 shares in the company, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,971 shares of company stock worth $1,618,357. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FFIV has been the topic of several recent research reports. Piper Sandler increased their price objective on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Barclays increased their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada increased their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their target price on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.56.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.